Allianz Life Announces Enhancements to Select Index Variable Annuities

Expanded multi-year index options and performance lock options offer more control and ability to help manage market risk

MINNEAPOLIS – May 3, 2021 – To help offer clients short-term control with additional options for long-term growth potential, Allianz Life Insurance Company of North America (Allianz Life) has announced new product enhancements on select index variable annuities (IVAs), also known as registered index-linked annuities (RILAs).

These features on the Allianz Index Advantage® Variable Annuity and Allianz Index Advantage Income® Variable Annuity include two new multi-year term index options: the Index Performance Strategy 6-Year Term and Index Performance Strategy 3-Year Term, both with 10% buffer. These are in addition to the Index Performance Strategy 3-Year Term with a 20% buffer launched in May of last year. In addition, these new multi-year term strategies will have Participation Rates (minimum of 100%) which offer the potential to outperform index returns. The index options are subject to an annual cap.1

“The innovative new Index Performance Strategies can be a good solution for those with a longer time horizon and looking for more market exposure,” said Corey Walther, president, Allianz Life Financial Services. “The longer terms provide more growth potential, but when combined with our performance lock feature, clients can maintain a level of short-term control. In some respects, it can be the best of both worlds.”

To also offer short-term control to these multi-year term strategies, a performance lock feature allows the ability to lock in gains or help limit losses once during a term. With the ability to manually lock or to set an automatic target, this feature can help further reduce the impact of market volatility. By electing performance lock, you will no longer participate in any potential gains (or losses) for the rest of the term. Locked index options allow reallocation on the next Index Anniversary, rather than at the end of the term.


 1You could experience a loss during an index period if the index declines more than the level of downside protection. You may not be able to participate fully in a market recovery due to the capped upside potential in subsequent index periods.

Each index option is the combination of an index strategy and the index. These unmanaged indeses are not intended to represent specific mutual funds. Investors cannot invest directly in an index.

For more complete information about index variable annuities and any available variable options, call your financial professional or Allianz Life Financial Services, LLC at 800.624.0197 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and available variable options, which you should carefully consider. Please read the prospectuses thoroughly before sending money.

Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF

Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538, L40538-IAI)

Product and feature availability may vary by state and broker/dealer.


About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2022, Allianz Life provided additional value to its policyholders via distributions of more than $7.7 billion. As a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.